SLR +1.26%: shares in the gold company edged higher today following their December quarter update. There were few surprises given the company gave a brief update just a few weeks ago, with 56.6kox of gold and 236t of copper produced in the period. Costs were higher than Q1, though largely as expected, with the All In Sustaining Cost (AISC) for the first half at $A1,792/oz compared to the average sales price of $2,986/oz highlighting the strong margins. Their Deflector mine continues to perform well, Mt Monger is improving, the balance sheet is in good shape with $284m of cash & bullion on hand and the company maintained guidance for the full year.
MM remains long and bullish SLR
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